July 1, 2009 – Gold And Silver Coins

When investing in precious metals, one of the main things to bear in mind is that it’s wise to purchase both gold and silver coins, and not to simply stick with one or the other.

The simple fact of the matter is that when you buy gold and silver coins, you provide yourself with twice as many options as if you had chosen to hold only one metal. Say you have an investment in gold coins and you want to cash a few in. Well, what if the metal is experiencing a steady climb at the moment and you’d rather not part with any before the peak? Meanwhile, silver has levelled off after a nice peak and will likely not experience any more major growth for a little while yet. You can sell your silver while waiting for your gold to keep building. That’s the main rule of gold and silver coins: It’s a good idea to diversify.

While Augustus Saint Gaudens designed his $20 Saint Gaudens coins with gold in mind, gold and silver American Eagles are equally beautiful, and all precious metals are, quite literally, money. You can buy both gold and silver coins and provide yourself with more possibilities.

And of course, the prices of gold and silver coins are looking very good this year, following the same trends we saw in 2008 when gold pierced the thousand-dollar mark.

While gold tends to form the backbone of gold and silver coins investing, it’s a good idea to keep a lot of silver in your savings as well. Silver is easier to move around in smaller amounts. As a small example, there are a lot of stories of generous metals investors using silver coins for restaurant tips and Salvation Army donation buckets, but that sort of thing is a little trickier with gold coins.

Diversity and convenience are the key benefits of investing in both metals. Both metals are going incredibly strong right now, and will likely continue to do so throughout the rest of the year, according to the latest projections. During a recession like this one, it’s incredibly important to make sure that you have solid ground to stand on, and there are few ways to achieve that stability as effective as buying up gold and silver coins whenever you can.

That being said, the good news is that you don’t actually have to worry about any of this at all. You can simply buy as many gold and silver coins, put it somewhere safe, and pay it no mind whatsoever until you need to cash a bit of it in. This is exactly why many consider metals investing to be a much more laid back market than the topsy-turvy world of stocks and real estate. Metals tend to do the opposite of what the rest of the economy does, so when you do have a solid investment in metals, you don’t need to stress during financial crises like the one we’re facing now.

Whatever decision you make, just rest easy knowing that you are covered. Should some unexpected finances come up, should another investment of yours take an ugly turn, you have your coins as one of the best financial insurance policy that money can buy.

Victoria Lopez

July 1, 2009

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